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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Plainfield at 836-838 E 2Nd St, Plainfield, NJ, 07062 generates $9,480/mo in rent and, after a $3,548/mo payment, leaves $4,313/mo in cash flow. Total monthly income is $9,480/mo, and annual cash flow is $51,757/yr on $238,492 invested. Return on cash invested sits at 41.76% in year one, and rental yield is 15.69% on a $724,900 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,277 over five years. Five-year ROI reaches 221.25% and total cumulative return in cash sums $527,673. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,480/mo property income rather than buyer’s personal income.
Multi Family
Built in 1921
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 2,813 (52.8%) |
| Renter Occupied HU | 2,167 (40.6%) |
| Vacant Housing Units | 351 ( 6.6%) |
| Median Home Value | $449,784 |
| Average Home Value | $543,400 |
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Christine Austin • Re/Max First Realty Ii
Mls Name: GSMLS
Mls ID: #3987756
